📅Nov 2022 Report
Last updated
Last updated
We are changing the way crypto gaming operates. We have full transparency with our community around the roadmap for the game and the underlying treasury.We are a proudly Sydney based team. This means we pay Australian taxes and must always liquidate and reserve at least 30% for corporate taxes🇦🇺The following is used for educational purposes only and is no indication for accounting, valuations and/or taxation purposes. The numbers below reflect rough estimates or reflections of on-chain activity and are prone to mistakes
Values are in $USD As of writing, 1 MATIC = $0.94 USD
Building out Land Expansion for launch in December 22
In November 2022, Thought Farm accumulated roughly $ 26,500 USD net revenue. To account for income tax easier, all revenue streams were converted into FIAT on a 2-3 day basis.
The decline in revenue was due to a decrease in Daily Active Users (DAUs) as the team focusses on the launch of Sunflower Land. Engagement is as projected and revenue is focussed on long term success of the game.
We are expecting negative cash flows until December when Sunflower Land goes live and engagement is expected to increase.
We successfully achieved startup credits for our infrastructure services which cuts down the technical expenses significantly.
Technical infrastructure + services - $1K USD (Credits applied )
Legal & Accounting - $1K USD
Salaries - $54.5K USD
Jigger - $1K USD
Contractors - $10.5K USD (PR, Communications, Art Design, Support Team)